1 June 2022 false No description of principal activity Taxfiler 2023.10 11981961business:PrivateLimitedCompanyLtd2022-06-012023-05-31 119819612022-05-31 119819612022-06-012023-05-31 11981961business:AuditExempt-NoAccountantsReport2022-06-012023-05-31 11981961business:FilletedAccounts2022-06-012023-05-31 119819612023-05-31 11981961business:Director12022-06-012023-05-31 11981961business:RegisteredOffice2022-06-012023-05-31 119819612022-05-31 11981961core:WithinOneYear2023-05-31 11981961core:WithinOneYear2022-05-31 11981961core:AfterOneYear2023-05-31 11981961core:AfterOneYear2022-05-31 11981961core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 11981961core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-05-31 11981961core:PreviouslyStatedAmount2023-05-31 11981961core:PreviouslyStatedAmount2022-05-31 11981961business:SmallEntities2022-06-012023-05-31 11981961countries:EnglandWales2022-06-012023-05-31 11981961core:MotorVehicles2022-06-012023-05-31 11981961core:PlantMachinery2022-05-31 11981961core:MotorVehicles2022-05-31 11981961core:PlantMachinery2022-06-012023-05-31 11981961core:PlantMachinery2023-05-31 11981961core:MotorVehicles2023-05-31 119819612021-06-012022-05-31 iso4217:GBP xbrli:pure
Company Registration No. 11981961 (England and Wales)
2IU CONSTRUCTIONS LTD Unaudited accounts for the year ended 31 May 2023
2IU CONSTRUCTIONS LTD Unaudited accounts Contents
Page
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2IU CONSTRUCTIONS LTD Company Information for the year ended 31 May 2023
Director
Iustin-Andrei PINTILII
Company Number
11981961 (England and Wales)
Registered Office
110 LANGLAND CRESCENT STANMORE HA7 1NH ENGLAND
Accountants
EMILIA ACCOUNTANCY LTD 58 STROUD CREDCENT LONDON UK SW15 3EJ
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2IU CONSTRUCTIONS LTD Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
36,782 
34,193 
Current assets
Debtors
- 
4,016 
Cash at bank and in hand
14,419 
24,020 
14,419 
28,036 
Creditors: amounts falling due within one year
4,117 
(21,483)
Net current assets
18,536 
6,553 
Total assets less current liabilities
55,318 
40,746 
Creditors: amounts falling due after more than one year
(31,453)
(19,602)
Net assets
23,865 
21,144 
Capital and reserves
Profit and loss account
23,865 
21,144 
Shareholders' funds
23,865 
21,144 
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 February 2024 and were signed on its behalf by
Iustin-Andrei PINTILII Director Company Registration No. 11981961
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2IU CONSTRUCTIONS LTD Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
2IU CONSTRUCTIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 11981961. The registered office is 110 LANGLAND CRESCENT, STANMORE, HA7 1NH, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
1000
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2022
35,597 
19,989 
55,586 
Additions
- 
25,892 
25,892 
Disposals
- 
(19,989)
(19,989)
At 31 May 2023
35,597 
25,892 
61,489 
Depreciation
At 1 June 2022
13,273 
8,120 
21,393 
Charge for the year
7,119 
4,315 
11,434 
On disposals
- 
(8,120)
(8,120)
At 31 May 2023
20,392 
4,315 
24,707 
Net book value
At 31 May 2023
15,205 
21,577 
36,782 
At 31 May 2022
22,324 
11,869 
34,193 
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2IU CONSTRUCTIONS LTD Notes to the Accounts for the year ended 31 May 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
4,016 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
2,274 
3,582 
Trade creditors
- 
698 
Taxes and social security
59 
3,751 
Loans from directors
(6,450)
13,452 
(4,117)
21,483 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
12,812 
13,063 
Obligations under finance leases and hire purchase contracts
17,992 
6,539 
Taxes and social security
649 
- 
31,453 
19,602 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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